Patent law is a subjective right that protects a new product or technology. It is a right granted exclusively to the inventor or applicant for a patent and gives him the power to prohibit others from imitating or using his invention. Patent law gives its holder the right to prohibit others from doing something, so patent law is also a prohibition right.
The government grants patent rights and thus gives the inventor the opportunity to take action against unauthorized use of his invention by third parties.
A patent right is an important means of staying ahead of competitors, both technologically and economically. As a result of granting patent rights and the protection they provide, the government creates sufficient space to make technical progress. The government supports a favorable climate for innovation by granting patent rights as you can read from this step by step guide for inventors.
Without patent rights, innovation would slow down because without that protection many companies will be less inclined to invest in new technology and research. They cannot take the risk that their research results could be copied by competitors without being able to do anything about it. Their research results are better protected with a patent right.
Patent law has a number of limitations:
The period of validity of a patent right is subject to a maximum. After twenty years, the patent expires and the technology that protects the patent is freely applicable to everyone.
The current patent rights that are granted on the basis of the State Patent Act 1995 are so-called registration patents. This means that the invention will not be tested and that it may become apparent after the patent has been granted that the patent right has been granted on incorrect grounds.
The limitation on these patent rights therefore lies in the uncertainty that the acquired patent right entails as you can see from https://www.iedunote.com/just-starting-out-as-an-inventor-inventhelp-is-everything-you-need article.